Human Centric Lighting Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Human Centric Lighting Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Human Centric Lighting Market

The human centric lighting market size was valued at USD 2.09 billion in 2023, and the market is now projected to grow from USD 2.55 billion in 2024 to USD 12.95 billion by 2032, exhibiting a CAGR of 26.1% during the forecast period of 2024-2032.

Pandemic has significantly impacted the human centric lighting market growth, in particular in healthcare settings. Disruptions like supply chain disruptions and economic uncertainties have highlighted the importance of human-centric lighting fixtures. This kind of lighting can assist alter sleep-wake cycles, enhance temper, and raise overall health. Users can create lighting fixtures eventualities that adapt to their needs, from vivid morning light to soothing night ambiances. These capabilities can push marketplace boom all through the forecast duration, ensuring a comfortable and efficient healthcare environment.

Wireless lighting fixtures technology has considerably boosted the market growth due to its several advantages for human-centric lighting applications. These solutions, frequently primarily based on superior era, motion sensors, and wireless systems, provide flexibility, ease of installation, and price-effectiveness. They can be retrofitted into current infrastructures, making them handy for various applications. Wireless lighting fixtures structures can be without problems managed and customized thru apps or important manipulate structures, allowing customers to customize their lighting conditions to suit their choices and environment needs. This comfort, adaptability, and properly-being advantages force the marketplace's increase, promoting the use of human-centric lights solutions in the long term.

The market is developing because of worldwide awareness of power conservation and environmental sustainability. Traditional incandescent and fluorescent lighting alternatives are being phased out in prefer of LED technology, making them an eco-friendly alternative. The recognition on human fitness and productiveness is driving product adoption in numerous settings, such as houses, offices, healthcare facilities, and academic establishments. Government policies and incentives also are promoting the adoption of strength-green lights, pushing companies and people to put money into answers that lessen electricity consumption and charges. The trend of simulating lighting solutions is anticipated to pressure the human-centric lighting marketplace share.

Comprehensive Analysis of Human Centric Lighting Market

The lighting market is divided into sensors and drivers, microprocessors and microcontrollers, switches and dimmers, and transmitters and receivers. The switches and dimmers segment is growing rapidly due to the demand for user-friendly lighting systems. The sensors & drivers segment is experiencing a strong CAGR due to the growing focus on energy efficiency and automation in lighting systems. LED drivers are also gaining popularity for their smart, responsive lighting solutions. The microprocessors & microcontrollers and transmitters & receivers segments are experiencing moderate growth due to the increasing installation of modern lighting systems. The end users market is segmented into healthcare, education, residential, commercial, industrial, and retail. Healthcare facilities rely on high-quality, energy-efficient lighting for various applications. The education segment is experiencing a major CAGR growth due to increased awareness of the benefits of human-centric lighting in educational institutions. The residential segment is expected to grow due to smart home technologies and energy efficiency measures. The commercial segment is growing as commercial complexes focus on creating optimal learning environments with adaptable lighting solutions.

The Asia Pacific region lead the human centric lighting market share by benefitting a market size of USD 1.09 billion in 2023 due to rapid urbanization, technological improvements, and developing consciousness of lighting fixtures importance for normal well-being. Countries like China, India, and South Korea are foremost contributors to this increase, with China adopting human-centric lights systems, India's commitment to sustainable development, and South Korea's consciousness on revolutionary lighting fixtures merchandise.

Signify and Panasonic are main market boom due to their tremendous investments in sensor thing studies and improvement. New merchandise also are bolstering their presence. Other principal players, which includes Zumtobel Group, Hubble Inc., OSRAM Licht AG, Acuity Brands Inc., Cree Inc., Wipro Group, Glamox A.S., Legrand S.A., and Lutron Electronics, have multiplied manufacturing capacities in diverse nations, thereby increasing their long-term marketplace share.

Juno, a leading lighting fixtures answer producer, has brought a brand new variety of Trac-master New Narrow Profile LED Wall Wash Track Fixtures, offering 90 degree vertical aiming and 360 degree horizontal rotation.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 26.1% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Component

Sensors and Drivers

Microprocessor and Micro Controllers

Switches and Dimmers

Transmitters and Receivers

By End Users

Healthcare

Education

Residential

Commercial

Industrial

Others (Retail)

By Region

North America (By Component, By End User, By Country)

U.S. (By End Users)

Canada (By End Users)

Mexico (By End Users)

Europe (By Component, By End User, By Country)

Germany (By End Users)

U.K. (By End Users)

France (By End Users)

Italy (By End Users)

Spain (By End Users)

Rest of Europe

Asia Pacific (By Component, By End User, By Country)

China (By End Users)

India (By End Users)

Japan (By End Users)

South Korea (By End Users)

Rest of Asia Pacific

Middle East & Africa (By Component, By End User, By Country)

GCC (By End Users)

South Africa (By End Users)

Rest of the Middle East & Africa

South America (By Component, By End User, By Country)

Brazil (By End Users)

Argentina (By End Users)

Rest of South America


Please Note: It will take 5-6 business days to complete the report upon order confirmation.